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PENROSE WATER DISTRICT �.,4 er,
<br /> ! r 0J-c.c
<br /> mm0 e-K Q
<br /> failli‘--
<br /> Statements of Revenue, �Ex enses and Changes in Net Assets
<br /> P
<br /> For the Year Ended December 31 20. ,i ..+,•.; -
<br /> r
<br /> 2010
<br /> Operating revenue fr .....--
<br /> Charges for services $ 1,030,241 $ 993,5
<br /> Miscellaneous 66,906 38,62
<br /> Total operating revenue .......07 ✓ 1,032,179
<br /> Water and distribution expenses 861,101 801,277
<br /> General and administrative expenses 392,826 300,444
<br /> Total operating expenses 1,253,927 1,101,721
<br /> sr
<br /> Operating income(loss) (156,780) (69,542)
<br /> Nonoperating income and expenses
<br /> Property taxes 133,286 129,716
<br /> Specific ownership taxes / 16,034 16,585
<br /> Interest income , 5,947 8,650
<br /> Interest expense /; (126,839) (163,069)
<br /> Amortization of bond issue costs (24,405) (43,155)
<br /> Treasurer commission (3,999) / (3,891)
<br /> Net nonoperating income(expense) W (55,164)
<br /> Net income before tap fees and contributions (156,756) (124,706)
<br /> dfr
<br /> Tap Fees and Contributions -
<br /> --.141111111
<br /> Tap fees 239,625
<br /> Net income (144,610) 114,919
<br /> Net Assets
<br /> Balance,beginning of year 4,629,585 4,514,666
<br /> Balance,end of year $ 4,484,975 $ 4,629,585
<br /> The accompanying notes are an integral part of the financial statements.
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